$588M Flows Into Bitcoin ETFs Despite Price Drop, Signaling Strong Institutional Confidence

Bitcoin has experienced heightened volatility lately, largely driven by geopolitical concerns. However, institutional investors appear unfazed, as Bitcoin ETFs recorded a $588 million net inflow in the last 24 hours — the highest in over a month. The last comparable inflow was on May 22nd at $934 million.

This surge demonstrates enduring confidence among institutional players, even in uncertain times. Long-term holders (LTHs) of Bitcoin also show minimal selling behavior, reducing liquid supply and increasing the potential for upward price pressure if demand spikes.

Technically, Bitcoin must hold $105,662 as a solid support to build momentum toward the psychological level of $110,000. A successful retest could enable BTC to surpass resistance at $108,000 and continue its bullish trend. However, a breakdown below support could invalidate the bullish outlook and trigger further downside.

These metrics suggest that while retail sentiment remains mixed, institutional capital continues to view Bitcoin as a long-term strategic asset.